CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.016%

Price spread now: SoDEX against Lighter RH−0.123%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.123% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 23 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRCL	93.549	0.0032	pay 0.0004% / 1h	59m 14s	$980K	$2.9M	10x
Short	SoDEX CRCL-USD	93.434	0.0050	get 0.0006% / 1h	59m 14s	$47K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee SoDEXbpOrdersPrice spread, now −0.123%Rate

Funding earned: $3.78
Price spread: −0.123% → 0.000%: −$12.29
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.51
Costs to cover: 0.080%
Break-even: 37.6 days

Slippage unknown: Lighter RH: live order book, 4 min ago; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter RH live order book, 4 min ago	2.35 bp	4.3 bp −$4	10.2 bp −$102	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CRCL on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	93.500	−0.052%	$935K	$591K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.510	−0.042%	$15.3M	$25.5M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	93.430	−0.128%	$427K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	93.540	−0.010%	$7.2M	$25.5M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.510	−0.042%	$16.6M	$34.4M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	93.600	+0.055%	$62K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.550	+0.001%	$1.0M	$49K	10x	as long as short
Lighter RH CRCLlong	+0.0032%	1h	93.549	long leg	$980K	$2.9M	10x
Aftermath Perps CRCLUSD	+0.0037%	1h	93.696	+0.157%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	93.440	−0.117%	$1.3M	$2.5M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRCL-USD-PERP	+0.0046%	1h	93.330	−0.234%	—	$37K	25x	as long as short
SoDEX CRCL-USDshort	+0.0050%	1h	93.434	−0.123%	$47K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.410	−0.149%	$1.0M	$5.6M	10x	as long as short
Variational Omni CRCL	+0.0059%	8h	93.569	+0.021%	$2.5M	$3.1M	—	as long as short
tradeXYZ xyz:CRCL	+0.0083%	1h	93.455	−0.100%	$71.3M	$41.0M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0098%	8h	93.474	−0.080%	$766	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	93.469	−0.085%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.550	+0.001%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	93.750	+0.215%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.470	−0.084%	$932	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.529	−0.022%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0117%	1h	93.443	−0.113%	$362K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0121%	8h	93.490	−0.063%	$22.6M	$58.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0136%	1h	93.487	−0.066%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0137%	8h	93.490	−0.063%	$107.9M	$385.8M	50x	as long as short
Aster CRCLUSDT	+0.0138%	8h	93.407	−0.151%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0235%	1h	93.414	−0.145%	$154K	$89K	3x	as long as short
BloFin CRCL-USDT	+0.0257%	8h	93.160	−0.416%	$1.1M	$1.0M	20x	as long as short
Phoenix CRCL	+0.0296%	1h	93.653	+0.111%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0328%	1h	93.556	+0.007%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.910	+0.386%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	93.640	+0.097%	$96K	$271K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0713%	1h	93.530	−0.020%	$4K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0940%	4h	93.809	+0.278%	$24K	$268K	10x	as long as short